Cousins Properties Inc (CUZ) Holdings Trimmed by Nomura Asset Management Co. Ltd.

Nomura Asset Management Co. Ltd. lessened its stake in shares of Cousins Properties Inc (NYSE:CUZ) by 10.8% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 241,200 shares of the real estate investment trust’s stock after selling 29,200 shares during the quarter. Nomura Asset Management Co. Ltd. owned about 0.06% of Cousins Properties worth $2,253,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the business. California State Teachers Retirement System boosted its position in shares of Cousins Properties by 4.0% during the 2nd quarter. California State Teachers Retirement System now owns 741,020 shares of the real estate investment trust’s stock valued at $6,514,000 after acquiring an additional 28,389 shares during the last quarter. Advisor Group Inc. boosted its position in shares of Cousins Properties by 40.3% during the 2nd quarter. Advisor Group Inc. now owns 14,567 shares of the real estate investment trust’s stock valued at $128,000 after acquiring an additional 4,183 shares during the last quarter. The Manufacturers Life Insurance Company boosted its position in shares of Cousins Properties by 8.1% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 923,372 shares of the real estate investment trust’s stock valued at $8,117,000 after acquiring an additional 68,937 shares during the last quarter. Schwab Charles Investment Management Inc. boosted its position in shares of Cousins Properties by 9.8% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 4,027,914 shares of the real estate investment trust’s stock valued at $35,406,000 after acquiring an additional 357,889 shares during the last quarter. Finally, Honeywell International Inc. bought a new stake in shares of Cousins Properties during the 3rd quarter valued at about $606,000.

CUZ has been the subject of a number of research analyst reports. SunTrust Banks reiterated a “buy” rating and set a $10.00 price target on shares of Cousins Properties in a research report on Monday, October 2nd. Stifel Nicolaus reiterated a “buy” rating and set a $10.50 price target on shares of Cousins Properties in a research report on Thursday, September 21st. BidaskClub upgraded Cousins Properties from a “hold” rating to a “buy” rating in a research report on Monday, August 14th. ValuEngine upgraded Cousins Properties from a “hold” rating to a “buy” rating in a research report on Tuesday, October 10th. Finally, Bank of America upgraded Cousins Properties from a “neutral” rating to a “buy” rating and set a $10.00 target price for the company in a research report on Monday, December 4th. One equities research analyst has rated the stock with a hold rating and six have given a buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average target price of $10.10.

Shares of Cousins Properties Inc (NYSE:CUZ) opened at $9.42 on Tuesday. The firm has a market capitalization of $3,922.99, a P/E ratio of 14.82 and a beta of 1.09. Cousins Properties Inc has a 12-month low of $7.81 and a 12-month high of $9.59. The company has a debt-to-equity ratio of 0.39, a current ratio of 0.83 and a quick ratio of 0.83.

Cousins Properties (NYSE:CUZ) last released its earnings results on Wednesday, October 25th. The real estate investment trust reported $0.03 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.15 by ($0.12). The firm had revenue of $113.20 million during the quarter, compared to the consensus estimate of $113.51 million. Cousins Properties had a return on equity of 8.39% and a net margin of 48.08%. The business’s quarterly revenue was up 132.4% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.22 EPS. analysts expect that Cousins Properties Inc will post 0.61 earnings per share for the current fiscal year.

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About Cousins Properties

Cousins Properties Incorporated is a self-administered and self-managed real estate investment trust. The Company’s segments include Office, Mixed-Use, Other, Atlanta, Austin, Charlotte, Orlando, Tampa, Phoenix and Other. It develops, acquires, leases, manages and owns primarily Class A office properties and opportunistic mixed-use developments in Sunbelt markets with a focus on Georgia, Texas and North Carolina.

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Institutional Ownership by Quarter for Cousins Properties (NYSE:CUZ)

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